Press Release: Höegh LNG : Mandatory Notification of Trade

22 Nov 2017 6:00 am

Hamilton, Bermuda, 22 November 2017 - Höegh LNG Holdings Ltd.
("Höegh LNG" or the "Company") advises that Leif Höegh & Co.
Ltd. ("LHC"), a primary insider of Höegh LNG, purchased 250,000
common shares in the Company on 21 November 2017 for a price of NOK
63.375 per share.
Following the above transaction, Leif Höegh & Co. Ltd., which is
indirectly controlled by Leif O. Høegh and by family trusts under
which Morten W. Høegh is a primary beneficiary, holds a total of
32,479,953 shares, representing 42.0% of the shares in the Company and
311,591 common units in Höegh LNG Partners LP ("HMLP").
In addition, the below Brompton Cross entities, which are co-investment
vehicles for management of Höegh Capital Partners, indirectly
controlled by Leif O. Høegh and by family trusts under which Morten
W. Høegh is a primary beneficiary, hold the following ownership
interest in the Company and HMLP, as applicable:
-- Brompton Cross VII Limited holds 40,800 shares, representing 0.05%of the
shares in issue, and 25,000 common units in HMLP.
-- Brompton Cross VIII Limited holds 28,500 shares, representing 0.04% of
the shares in issue.
-- Brompton Cross IX Limited holds 28,500 shares, representing 0.04% of the
shares in issue.
The percentage has been calculated based on a total of 77,244,746 shares
in issue.
* * *
About Höegh LNG:
Höegh LNG provides floating energy solutions and operates
world-wide with a leading position as owner and operator of floating LNG
import terminals; floating storage and regasification units (FSRUs), and
is one of the most experienced operators of LNG Carriers (LNGCs).
Höegh LNG's vision is to be the industry leader of floating LNG
solutions and the strategy is to continue to focus its growth plans in
the FSRU market, with the objective of securing long-term contracts with
strong counterparties at attractive returns. Höegh LNG is a Bermuda
based company with established presence in Norway, Singapore, the UK,
USA, South Korea, Indonesia, Lithuania, Egypt, Colombia, China and
Turkey. The company employs approximately 115 office staff and 500
seafarers.
Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer,
Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone +47 975 57 406
Erik Folkeson, Head of IR, Telephone +47 414 21 769
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act or the Continuing
Obligations of Oslo Børs.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Höegh LNG via Globenewswire
http://www.hoeghlng.com